SEPTEMBER - OCTOBER 2011
KIAMICHI ELECTRIC COOPERATIVE ENERGY EFFICIENCY Tip of the Month
from various companies will soon hit the back roads to trim trees, spray and remove brush. It’s a huge task—and in some cases it may require access to your property. Kiamichi Electric mailed notices to members in December about right of way work taking place.
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When buying a new appliance, check the black and yellow Energy Guide label. This label provides an estimate of the product’s energy consumption of similar models. Most appliances are required to carry these labels.
Before Halloween arrives, have a professional inspect your heating and cooling system. It’s always wise to have a professional check out your system before cold weather arrives to make sure it is
t’s time for Kiamichi Electric to begin spring cleaning along its right- of-way. Contract crews
—US DEPARTMENT OF ENERGY THANKS FOR YOUR SUPPORT!
Operation Roundup is a voluntary program that raises thousands of dollars to improve the health and well being of southeast Oklahomans.
Applications for Operation Roundup funds are available at local social service agencies, at the or online at www.
kiamichielectric.org.
Right of way maintenance is key to reliable electric service for you and your neighbors. For the next four months, crews will be working in the following areas. Please give them your
—US DEPARTMENT OF ENERGY 2011 Operating Revenues
OPERATING EXPENSES Cost of power
Distribution expense, operations Distribution expense, maintenance Consumer accounts
Customer service & information Administration & general Depreciation & amortization Interest
Other interest and deductions Total Operating Expenses Net Operating Margins
small change that changes lives
OPERATION ROUNDUP REPORT
YEAR TO DATE COLLECTIONS: $58,044.88
YEAR TO DATE DISBURSEMENTS: $40,969.47
TOTAL COLLECTED SINCE INCEPTION: $901,554.39
TOTAL DISBURSEMENTS SINCE INCEPTION: $845,343.56
NON-OPERATING MARGINS Interest & dividend income
Other income (expense) Net Non-Operating Margins
CAPITAL CREDITS G&T capital credits
Other cooperative capital credits Total Capital Credits
Net Margins for the Year
Patronage capital, beginning of the year Retirement of patronage capital
Patronage capital, end of year: $36,468,081
.. $22,437,914 1,195,308 4,337,994 1,496,602 149,398
1,721,537 2,426,805 1,722,080 (14,130)
$35,473,508 $994,573
2010 $33,363,705
$20,973,494 1,217,764 4,380,528 1,301,685 131,588
1,810,793 2,343,095 1,575,027 150,289
$33,884,263 ($520,558)
Financial Statements
As a member and owner of Kiamichi Electric Cooperative (KEC) you are encouraged to review your cooperative’s financial statements. In accordance with cooperative bylaws, Kiamichi Electric Cooperative publishes year-end financial statements prior to the KEC Annual Meeting.
STATEMENTS OF REVENUE & PATRONAGE CAPITAL
For the years ended June 30, 2011 and 2010
$31,196 163,820
$195,016
$31,140 59,299
$90,439
$1,373,159 421,623
$1,794,782 $2,984,371 $21,866,231
(238,952) $24,611,650
$803,549 341,937
$1,145,486 $715,367
$21,794,399 . (643,535)
$21,866,231
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